Gold prices are solidly higher and nearer daily highs in midday U.S. trading Wednesday. The precious metals were boosted today by comments from Federal Reserve Chairman Jerome Powell to the U.S. House of Representatives. Powell cited several concerns regarding the U.S. economy that traders deemed dovish on monetary policy. August gold […]
Holdings in global gold-backed ETFs and similar products rose sharply in June by 127 tonnes (t) to 2,548t – equivalent to US$5.5bn in inflows – as geopolitical uncertainty increased and central banks signalled a shift to a more accommodative policy over the coming months. This drove rates and the US […]
Have an eye for gold? How about seeing the world’s biggest gold coin that weighs one metric ton, is made out of 99.99% pure gold and is worth more than $50 million based on current spot gold prices? The Australian-made coin will be on display right outside of the New […]
(Kitko News) – BMO Capital Markets says the current macroeconomic backdrop is favorable for gold, although market participants have largely already factored in the most favorable development – likely interest-rate cuts in the U.S. BMO Thursday hiked its full-year average gold-price outlook by 3% to $1,332 an ounce and looks […]
Gold’s rally isn’t over yet by any means, as one analyst sees the upward momentum continuing. Phil Streible, RJO Futures, told Kitco News that prices for the yellow metal may still see much higher levels from here. Read full article here: >>
Another billionaire investor is sounding the alarm for the U.S. and global economies and is looking at gold as the safe-haven play. In an interview with Bloomberg News, Paul Tudor Jones, fund manager and create of Tudor Investment Corp., said that his favorite trade in the next 12 to 24 […]
The amount of gold transferred between accounts of London Bullion Market Association members rose during April, while silver volume fell, the organization reported Friday. The LBMA releases clearing statistics each month showing the net volume of gold and silver transferred between accounts of members, essentially providing a snapshot of the amount of trading activity. The […]
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Earlier this month the World Gold Council published its quarterly report– and it shows that central banks and foreign governments from around the world are buying up gold at their fastest pace in six years. This is pretty big news, and it says a LOT about the future of […]
“On the surface, activity in precious metals markets was subdued during the week ended Friday, April 26. Spot gold rose 0.85% to $1,290.35 and spot silver increased 0.67% to $15.09. During the week, the U.S. Dollar Index (DXY) increased 0.64% to 98.01 and 10-year Treasury yields declined 6 basis points […]